Chicago Fed estimates U.S. September unemployment rate at 4.1%

The Federal Reserve Bank of Chicago estimated the U.S. unemployment rate at 4.10% for September, according to a BlockBeats brief published on Oct. 1. That figure was slightly below the 4.14% reading for August. The update points to a modest improvement in labor market conditions based on the Chicago Fed’s estimate. The institution said the change continued to reflect a better employment outlook in the United States, while the quit rate also edged lower. No additional details were provided in the brief.